Holdback Cash definition

Holdback Cash has the meaning set forth in Section 1.9 of this Agreement.

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Holdback Cash has the meaning set forth in Section 3.6(b).

Holdback Cash means an amount equal to $250,000.

Examples of Holdback Cash in a sentence

On the Closing Date, the Holdback Cash shall be retained by Buyer as security for Post-Closing Adjustment pursuant to Section 1.1(c)(ii) and for the payment of any and all claims by Buyer against Sellers and Owner pursuant to Section 7.2.
Promptly following the resolution of any indemnification claims then pending, any amount of the Holdback Cash not payable to Buyer based on the resolution of a particular claim that was previously retained shall be paid to Seller.
On the 12-month anniversary of the Closing Date, fifty percent (50%) of the Holdback Cash, less the amount of any Loss for which reductions have been made out of the Holdback Cash as of such date, or for which there are indemnification claims then pending, shall be paid to Sellers.
Buyer shall be permitted to deduct the amount of any Loss that is agreed or resolved in accordance with the terms of this Agreement out of the Holdback Cash.
The remainder of the Holdback Cash, less the amount of any Loss for which reductions have been made out of the Holdback Cash as of such date, or for which there are indemnification claims then pending, shall be paid to Sellers on the 24-month anniversary of the Closing Date.

More Definitions of Holdback Cash

Holdback Cash means the aggregate amount of all Per Share Holdback Contributions with respect to Indemnifying Shares consisting of cash (as opposed to shares of Parent Stock).

Holdback Cash means $300,625.

Holdback Cash means cash in the amount of $500,000 to be held back by Parent on the Closing Date pursuant to the terms of this Agreement.

Holdback Cash. Consideration" will have the meaning such term is given in Section 1.4(a).

Holdback Cash means 15% of the Overage Cash Amount, if any, minus 15% of the Excess Overage Cash Amount.

Holdback Cash means $2,500,000, together with the interest, earnings and income that accrues thereon.

Holdback Cash has the meaning set forth in Section 2.2(d).